FilingReader Intelligence

Dixon Technologies provides $50m guarantee to subsidiary Padget Electronics

September 4, 2025 at 03:49 PM UTCBy FilingReader AI

Dixon Technologies (India) Limited announced a corporate guarantee of up to $50,000,000 to its wholly-owned subsidiary, Padget Electronics Private Limited (PEPL). This "back-to-back continuing and irrevocable corporate guarantee" was made on an arm's length basis, as stated in a disclosure dated September 4, 2025, in compliance with SEBI LODR Regulations.

The transaction involves no interest from Dixon's promoter or promoter group, with the corporate guarantee provided directly to PEPL. This guarantee will be reflected as a contingent liability on Dixon Technologies' books, though the company stated there is no immediate impact beyond the guaranteed amount.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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